KS SB245

Legislative Description

House Substitute for SB 245 by Committee on Appropriations - Education funding; relating to mineral production; creating the mineral production education fund, crediting 20% of remainder from oil and gas tax into such fund, moneys expended on education; abolishing the oil and gas valuation depletion trust fund; allowing the counties to retain funds already in such county's oil and gas valuation depletion trust fund; concerning school financing sources; proceeds from the tax levied by a school district under authority of K.S.A. 2013 Supp. 72-6431, remitted to the state treasury to the credit of the state school district finance fund not to the district's general fund; making and concerning appropriations for fiscal year 2017.

Last Action

Committee Referrals